Poland’s February purchasing managers' index (PMI) surpassed the 50-point benchmark, indicating growth for the first time in nearly three years.
The PMI rose to 50.6 points last month from 48.8 in January, according to S&P Global, which calculates the index.
A PMI above 50 points shows a recovery in the industrial sector and bodes well for the economy in general.
“The upward movement of the index reflected renewed growth in new orders, production and employment, as well as a near-stabilization of purchased stock levels,” the report from S&P stated.
It added: “The number of new orders received by Polish manufacturers increased in February, ending a record decline that had lasted since March 2022. Manufacturing companies reported improving market conditions and economic recovery.
“However, the pace of expansion was marginal.”
The report added that, despite the slow pace of recovery, market sentiment has been at its highest level since February last year.
Poland’s February PMI stands out against the eurozone’s average, which came in below the 50-point barrier at 47.6 points, slightly up from 47.6 at the end of the previous month.
A PMI above 50 points shows a recovery in the industrial sector and bodes well for the economy in general.
“The upward movement of the index reflected renewed growth in new orders, production and employment, as well as a near-stabilization of purchased stock levels,” the report from S&P stated.
It added: “The number of new orders received by Polish manufacturers increased in February, ending a record decline that had lasted since March 2022. Manufacturing companies reported improving market conditions and economic recovery.
“However, the pace of expansion was marginal.”
The report added that, despite the slow pace of recovery, market sentiment has been at its highest level since February last year.
Poland’s February PMI stands out against the eurozone’s average, which came in below the 50-point barrier at 47.6 points, slightly up from 47.6 at the end of the previous month.
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